Day Trading Forex Live. Forex day trading system. This trading system is consistently profitable. I'm using it in my own live account.
This system is very affordable, especially when you consider all of the features and support. The system itself is not very difficult to learn, but it can be time consuming to trade. Sterling offers the best support that I've seen in the Forex education industry thus far. What I Don't Like. This is, by far, my favorite trading system right now. Day Trading Forex Live has been consistently profitable for me through my testing and live account trading, which is why I put this Day Trading Forex Live review together.
Keep reading to learn more about this unique trading system. Offer ends October 31st! Have you ever felt like, even if you know you're trading a profitable system, you still end up taking all of the losing trades and missing the winning trades?
I know that feeling. Murphy's law at its best. I prefer to swing trade, and the Infinite Prosperity system works well for that. I also use the Top Dog Trading system to day trade, which helps to bring up my monthly profits. The problem is that the Top Dog Trading system can be very time-consuming, if you're using it to daytrade like I was. I hate to sit in front of my desk and trade. I'm always doing something. Because of my increasing desire to spend less time in front of my computer screen, I started missing a lot of good trades.
I had no problem taking the losers, though. Those little misses started to add up, and I was seeing less than stellar returns. I didn't want to go back to gluing my eyes to my monitor, and at the same time, I had tossed around the idea of testing another trading system for this site. If ever there was a reason to start testing a new system, this was it.
So early last year, I went looking for a new trading system. My first attempt at finding a new trading system was the Forex Gemini Code , which turned out to be a total waste of time and money. I also made a rookie mistake. I really just stumbled upon the site. I usually don't follow links like that, but I'm glad I decided to that day.
I've been testing and trading Sterling Suhr's advanced Forex bank trading course for over 8 months now. It's been consistently profitable for me during my testing and live account trading through varying market conditions.
I'm excited to tell you about Day Trading Forex Live, because not only is it a profitable trading system, but Sterling is also offering the absolute best ongoing Forex education and support that I have come across. To be fair, Day Trading Forex Live isn't perfect. In this Day Trading Forex Live review , I'm going to show you why I'm trading this system and how it's different from anything else you've ever tried.
I'm also going to tell you about why I think Sterling's system isn't perfect from my perspective. Your experience may differ. If you're looking for a set-and-forget swing trading system, and you don't mind lower returns, I would recommend Infinite Prosperity. On the surface, Day Trading Forex Live looks like your typical day trading course and trading system.
The Daily Market Review. The live members chat shoutbox. How will this help you? Have you ever felt like your participation in the market is part of someone else's money making business? Like no matter what strategy you use, the market seems to just be against you. Sterling's system will teach you how to trade with the smart money.
You'll learn how to stop being the victim of stop runs, and how to start making money when the market makers do this to other traders. Although sterling's system does use a certain price action rule set, that he calls the "confirmation entry," to enter trades, his method is not actually based on price action.
It's based on the stuff going on behind the scenes to create certain patterns. Each night Sterling talks about the trades that occurred the day before if applicable on the Euro and the Pound, and he answers commons questions related to any unusual trading conditions that we experienced. This is an amazing tool for learning his trading system, because you get daily feedback on whether or not you are taking the right trades.
When I first signed up, I thought that only getting trading levels for the Euro and Pound would be limiting. However, like Sterling, I only trade the Euro and Pound using his method, and it still provides plenty of trading setups and monthly profits. Sterling's system works on any pair, but I suggest that you stick with the Euro and Pound until you get the hang of the trading system and can choose your own high-quality trading levels based on Sterling's rule set.
The live members chat or shoutbox is another tool that I use on a daily basis. Just a group of helpful, experienced traders waiting patiently for qualified trading setups, and standing by to help you when you need it. After, going through the course material and the add-on videos, I decided I was ready to start testing the DTFL trading system.
However, I didn't quite understand the "confirmation entry" as well as I thought I did. I called out a trade in the shoutbox. My message was quickly met with, "No. It seemed a little bit embarrassing at the time, but I learned what I needed to know about the "confirmation entry" that day. You can see how useful a focused group of traders, like the members of DTFL, could be to you as you're learning the system.
In fact, I always check the shoutbox when any trade is setting up. It's invaluable to this system. Sometimes it's just harder to get your point across in an email, which is why the live trading room is so useful. At the same time, you also have the opportunity to ask follow-up questions in real-time.
If a trade setup occurs on the Euro or Pound during the live trading room, Sterling will take the trade with us. Even when no setup is occurring, you can always ask Sterling for advice on levels that you are looking at on the other pairs that you trade if you decide to trade other pairs.
Now that you know what I think about the trading system and course, take a look at what some of Sterling's other students are saying: No trading system is.
It all depends on what you want to get out of a trading system, and what your trading preferences are. I trade this system in less than 20 minutes per day. However, the returns are not as good as the day trading systems that I recommend. You select the levels to trade from, and the EA executes and manages your trades while you're away.
Many DTFL members use this software to trade the system while they're at work or asleep. I have not used it myself. I only mention it as an option to trade this system with a restrictive schedule or to simply provide more time freedom. If you're looking for a system that provides lots of trading setups 2 per day or more , you're better off with something like Top Dog Trading. Top Dog Trading provides lots of setups through strategies involving anything from scalping to swing trading.
Keep in mind that such a trading system requires a far greater time commitment to trade profitably. If you're interest in trading a profitable day trading system that is most likely different than anything else you've tried, and you want to trade it with a community of helpful and focused traders in a live environment, then Day Trading Forex Live is exactly what you've been looking for.
The support and daily feedback are second to none. The live environment and helpful community make learning and correctly trading this system easier than other systems that I've traded in the past.
I've been testing this system for over 8 months now, and it has been consistently profitable for me during my demo and live account trading. I'm "chris" at DTFL. Thanks for the question, Ojay. That was a while back. Most of the other members are trading several other pairs. They have months where they make more than I do, and they also have months where they lose more than I do. You can message me on Facebook: Thanks for the review.
Does this system use any indicators? I never see an edge in using them. Thanks for the comment, Dave. There is an indicator, similar to iSessions , that you can use if you use MT4 to visually display the important trading sessions on your chart. This can be pretty useful — especially for backtesting.
Any day ADR will work. However, he trades the NY session as most American traders will. I tried the London session when I first started. Now I trade the NY session.More...